AgdaPkt 2004-04-26 - Laserfiche WebLink

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�•A.-z adopted to use over the five years to meet affordable housing goals and to improve the quality of life for residents who are low income and have special needs. These priorities target federal funds for public facilities and improvements, affordable housing, and social and economic development programs. Current Performance Outcomes-5 Year Consolidated Plan Goals as of June 30, 2003 is labeled as Attachment II. The =ifth Annual Action Plan, labeleri as Attachment III, identifies activities to be funded during FY 20J4/2005 to address priorities ad��Pted by Council. These activities further advance the goals of the Consofidated Plan, including reaucing the number of people living below the poverty line. The Action Plan is comprised of an Executive Summary which identifies all sources of funding, specific activities recommended for funding, and certain required narrative regarding the location of activities to be funded. The Annual Action Plan is made up of funding recommendations made by the Housing and Human Concerns Committee from Community Development Block Grant funds, HOME Investment Partnership funds, Human Services Financial Assistance funds, and a proposed budget for Redevelopment Housing funds. Since no proposals were received for HOME funding, the Committee recommended that HOME funds be allocated according to the Statute that allows 10% of the entitlement to be reserved for administration, 15% must be setaside for use by a Community Housing Development Organization (CHDO), and the remaining 75% allocated to Landbanking for future site acquisition for affordable housing. The Human Service Financial Assistance recommendations will be brought to you at the end of June as part of the City's buc:get review process. OtherFunds Council has authorized the HHCC to recommend an allocation of $80,000 per year to Shefter Network for the Redwood Family House Transitional housing facility. This budget amount may be a combination of CDBG funds and/or General funds. In FY 2003-2004, $70,000 was allocated from the General Fund. For FY 2004-05, the Committee has recommended that the first $55,000 of this budget come from CDBG and that the remaining $25,000 be allocated from the General Fund. Alternatives Not approve the Action Plan Fiscal Impact Upon submittal of an approved Action Plan, the City will receive $1,347,282 in CDBG and HOME funds for housing and community development activities for FY 2004/2005. Additional impacts include a recommendation for $25,000 from the General Fund for Shelter Network's Redwood Family House. � � .. ��:�i Debbi nes-Th m s Susan Moeller �sc� Housin oo �na Redevelopment Manager �� Ed Everett City Manager Attachments: Attachment I- CDBG & HOME Funding Recommendations by Motion of the HHCC Attachment II — Current Performance Outcomes - 5 Year Consolidated Plan Goals Attachment III - Annual Action Plan